One of the Factors That Stops Small Businesses from Exporting

question 82

Multiple Choice

One of the factors that stops small businesses from exporting their products is:

• A)the business owners' over familiarity with U.S.laws regarding imports and exports.
• B)the business owners' inability to negotiate a successful contract with a supplier overseas.
• C)the need to pay a wage equal to the U.S.federal minimum wage in the oversees market.
• D)the lucrativeness of the global market .
• E)the U.S.federal laws that prohibit marketing of any product oversees.

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Definitions:

National Income

The total income earned by a nation's people and businesses, including wages, rent, interest, and profits.

Discretionary Fiscal Policy

involves deliberate changes by government in taxation and spending policies intended to stabilize or stimulate the economy.

Legislative Changes

Modifications or amendments made to existing laws or the introduction of new laws by a governing body or legislature.

Budget Deficit

The financial situation where an entity’s expenditures exceed its revenues.